The world's biggest coke coal mine is about to bid for two Chinese enterprises such as Shenhua to compete

Mining in the world's biggest Coke mine, a 6.4 billion-ton Mongolian Tavan Tolgoi, is expected to start this year, with more than 10 companies, including China Shenhua Group, making a final sprint to get the mine's participation. "Once the mine is developed, it will likely double Mongolia's GDP, so Mongolia is wary and cautious about choosing a joint developer," he said.　　May 25, International coal trade expert Huangteng on this nail, Mongolia energy development has always been vigilant for a country to control, the Chinese enterprises to participate in the bidding is not a smooth road. The Tavan Tolgoi coal mine is only dozens of kilometres from the Chinese border and has entered the Mongolian mineral development agenda by the beginning of 2000.　　Under Mongolian law, Mongolia will automatically enjoy more than 50% per cent of the coal mine, with a maximum of 49% per cent being ceded to the foreign final bidder. At present, participating in the bidding of the coal mine has China, Korea, Russia, the United States, Japan, India, Brazil, Australia and other countries of the enterprises.　　Among them, a group of 11 Korean companies, Vale of Brazil, the gold of India, the group of two Russian companies, the Russian Railway Association, the United States Peabody, China Shenhua Group, China Ordos Longda Coal Group, Japan Mitsui Property Company has proposed a joint mining project Tavan Tolgoi. Rio Tinto and BHP Billiton, two Australian miners, are also involved in bidding for the Tavan Tolgoi coal mine, a coal industry source said, "but may not have been disclosed by the media or their plans may be introduced later." April 21, the Mongolian Government meeting discussed the Tavan Tolgoi coal mining issue and the investor bidding documents and investment agreement project, collect the opinion of government members and decided to submit to the national Great Hural and National security Committee for consideration.　　Prior to this, the Mongolian government has invited Deutsche Bank and Morgan Stanley as the project consultant to make suggestions and suggestions on the selection of foreign partners and the development of cooperation agreements.　　From the target market speculation, Mongolia lack of steel resources, and the east of the coal field nearly 5000 kilometers away from the sea, transport costs high, but the coalfield is located in the South Gobi province adjacent to China's Inner Mongolia Autonomous region, and China's border with the line distance of only more than 100 kilometers, so China is theoretically the Ling Wen, executive director and President of China Shenhua (601088.SH), admits that the company has been following the Tavan Tolgoi coal mine project since 2003 and is actively participating in the bidding process this year, and is confident that "we are the most advantageous bidder!"　　"As the corresponding, Shenhua Group has opened on January 9, 2009, the Baotou (Inner Mongolia gan Mao Dao Port) Spring (million Shui Quan station) railway, which is expected to invest 4.7 billion yuan, 2011 opened the operation of the railway, can be connected to the future of Tavan Tolgoi covered coal mine to provide the best choice. "But Chinese companies don't have much of an advantage in project contention. Huangteng said that, in the interests of the country, Mongolia is expected to use the project to upgrade its economy and to distribute "motherland allowance" for the citizens to accumulate private wealth, but also to avoid being subject to aCountries, from the perspective of enterprise competition, such as Japan, Australian enterprises in Mongolia investment during the efforts to eliminate the negative impression of plundering the country's resources, while the Mongolian employees back to their own training, training thousands of skilled workers, "in this regard, the Chinese enterprises need to make extra lessons." In fact, as part of the Tavan Tolgoi coal mine, Mongolia has demanded that foreign companies involved in mining be required to invest in the exploitation of infrastructure such as highways, railways and electricity during the preparatory process. Take the new railway as an example, the Mongolian lawmakers are arguing over whether the railway is thick or narrowly built.　　If thick is built, it will be connected to the Russian railway system, but both thick and narrow rails have nothing to do with China because China is a rail rail.　　In this concern, in 2007, the Russian Northern Steel shares group will be the Tavan Tolgoi of the mining rights of the rumors, and the Russian side for the condition is to help Mongolia to build 1500 kilometers long road; in 2009, the media exposed Mongolia's preference for Peabody Energy to participate in the development of the mine. Huangteng that, in view of the previous struggle for the Oyu copper mine in Mongolia, the Chinese companies have abandoned the demand for "the right to Speak" and "control" of the old practices.　　"In this bid, we should draw on the practice of Yanzhou Coal industry in Australia, fully consider the interests of local residents, such as mining rights, coal sales also need to market price, do local enterprises." China and the Chinese companies can borrow the strength of the two countries are increasingly good high-level economic cooperation. May 24, the Mongolian ambassador to Beijing, Ambassador Suhbaat, said the 21st century Economic report of the reporter, Premier Wen Jiabao during his visit to Mongolia next week, the two countries will discuss Mongolia's mineral resources project financing issues, China may be the Southeast Mongolian mineral projects to provide tens of billions of dollars financing support.